VW: Weak utilization of the main plant in Wolfsburg - Group postpones decision on investment planning

Volkswagen has postponed the decisions on medium-term investment planning previously planned for November.

Wolfsburg - Volkswagen has postponed the decisions on medium-term investment planning that had been planned for November.

The so-called planning round, which fixes the billions in expenditure for the next five years and thus also decides on the model allocation of plants, is now to take place on December 9, said VW boss Herbert Diess on Thursday in a conference call with analysts.

So far, according to reports, a decision on the distribution of the funds within the group should be made on November 12th.

In the past few days it had already become apparent that the interlocutors need more time to find a common line.

VW: Tough fight for investments

Traditionally, the Volkswagen Group struggles hard for the money for new systems and investments.

The workforce at the locations want to secure a predictable perspective.

Most recently, there was again clear criticism from the employee representatives, which, among other things, called for an additional electric model for the main plant in Wolfsburg in the budget round.

Works council chief Daniela Cavallo complained, among other things, of dealing with the lack of chips and the resulting low capacity utilization at the headquarters.

Most recently, there was also a solid row * about the participation of CEO Herbert Diess in the works meeting.